“ParEcon, ParPolity & the Future of the Left” with Robin Hahnel and Steven Shalom”
What is ParEcon?
Participatory economics is a proposed economic system that uses participatory decision making as an economic mechanism to guide the production, consumption and allocation of resources in a given society. Proposed as an alternative to contemporary capitalist market economies and also an alternative to centrally planned socialism or coordinatorism, it is described as “an anarchistic economic vision.” It emerged from the work of activist and political theorist Michael Albert and that of radical economist Robin Hahnel, beginning in the 1980s and 1990s.
Albert and Hahnel stress that parecon is only meant to address an alternative economic theory and that it must be accompanied by equally important alternative visions in the fields of politics, culture and kinship.
What is ParPolity?
Stephen R. Shalom has begun work on a participatory political vision he calls “parpolity”. Elements of anarchism in the field of politics, polyculturalism in the field of culture, and feminism in the field of family and gender relations are also discussed by the authors as being possible foundations for future alternative visions in these other spheres of society.